£588,743
This estimated value is based upon the latest sale price for the house of £182,500 on 22 Nov 2001. This value is then adjusted by the current Official House Price Index for ESSEX 1
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4 Torquay Road, Chelmsford, CM1 6NF
Phone: 01245378576
| Price Paid | Date |
|---|---|
| £182,500 | 22 Nov 2001 |
| Detached |
| Freehold |
This model uses changes in the Official Land Registry House Price Index for ESSEX to estimate the market value.
When this house was purchased in November 2001 the House Price Index for ESSEX was 46.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 222.599%.Applying this 222.599% change to the original purchase price of £182,500 results in an estimated price of approximately £588,743.
| 22 Nov 2001 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 46.4 | 149.7 | 222.599 % | £182,500 | £406,243 | £588,743 |
The Postcode Pricing Model uses changes in average sales price within the CM1 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 207.525 % | £378,733 | £561,233 |
| 3 Month Average | 193.744 % | £353,583 | £536,083 |
| 6 Month Average | 189.538 % | £345,907 | £528,407 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 May 2024 | £320,000 | £320,000 | 78 ARBOUR LANE |
| 15 Dec 2023 | £876,947 | £850,000 | 12 GREEN CLOSE |
| 29 Sep 2023 | £705,553 | £690,000 | 2 TELFORD PLACE |
| 23 Jun 2023 | £704,110 | £690,000 | 37 TELFORD PLACE |
| 29 Mar 2023 | £762,738 | £750,000 | 6 GREEN CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Telford Place |
| Aug 2024 | Drugs | Under investigation | On or near Telford Place |
| Oct 2024 | Other theft | Under investigation | On or near Pearson Grove |
| Oct 2024 | Vehicle crime | Under investigation | On or near Pearson Grove |
| Sep 2024 | Public order | Unable to prosecute suspect | On or near Llewellyn Close |